NoRegretsCoyote
Registered User
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Yeah I don't think that that would be material either really.The only argument I have heard is that someone with a better energy rating has lower energy bills and so they can more easily afford their mortgage.
It’s a marketing ploy.
So the bank can stick a slide in a deck showing all the things they’re doing to bring about a brighter future for us all.
If it is, surely it's quite an expensive one? Take 1,000 mortages of €300k at 65bps lower than the rest of the book.It’s a marketing ploy.
Could it be that the Bank has access to cheaper funding via "geeen bonds"....EBS's 3- and 5-year fixed rates are 2.75%, which is quite a bit higher.
Can someone tell me why it gives a 0.65 reduction to a customer with a good BER? This is a huge reduction!
Are high-BER home mortgage holders so much less risky? Is it something to do with the kind of regulatory capital needed?
No need for the bank to access green bonds they already have access to near zero cost funding from the deposits base.Could it be that the Bank has access to cheaper funding via "geeen bonds"....
It is tied to ESG policies. COP 26 will have a long term impact on many aspects of business and has spawned a whole new industry of ESG initiatives. ESG lending is one such area. Commercial borrowers can also benefit from Green loans.Is it tied to their environmental and sustainability policies?
Often it is. If you like, you can post your mortgage and BER details in the switcher thread and learn your best options, assuming you already have a mortgage. Or post them there anyway even if you are a first-time buyer or mover.Is it worth going for a green mortgage if your home qualifies?
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